Informing the drug development and commercialization industry
Cary, N.C. – April 3, 2013 – Industry Standard Research (ISR) announced the release of a new market research report entitled “Medical Device: Clinical Development Market Assessment,” which provides the medical device industry and its service providers with a new resource for their clinical development activities.
“The medical device industry, as significant as it is, has been inadequately served by the research and analysis community,” explained Andrew Schafer, President of ISR. “Our analysts have conducted an exhaustive review of this industry to quantify the development market size, profile the past two years of device trials, and profile 15 medical device manufactures who have been active on the development front.”
As part of the analysis, ISR provides the industry with benchmarking data from over 7,000 on-going and recently completed medical device studies. These metrics quantify the number of trials conducted year-to-year, average trial duration, average subject enrollment figures, and identify sponsor and funding sources. The data are analyzed at multiple levels including industry wide, by Phase of development, and by study type (interventional, observational, and expanded access).
“CROs with a strategic focus on medical devices often struggle to quantify the size of this market and, as a consequence, the opportunity available to their organizations. With ISR’s sizing of the market for industry-sponsored device trials through 2015, we’re confident this report gives them the data they need for better planning and forecasting,” Schafer continued. “Lastly, ISR’s profiling of 15 of the top device manufacturers will give study sponsors an invaluable source of competitive data and CROs an understanding of the pipeline of work to come their way.”
ISR’s report is based on data compiled by ISR analysts in the first quarter of 2013. For more information, including a full table of contents and list of tables and charts, visit ISR’s website.
About Industry Standard Research
Industry Standard Research is the premier, full service market research provider to the pharma and pharma services industries. With over a decade of experience, ISR delivers an unmatched level of domain expertise. For more information about our off-the-shelf intelligence and custom research offerings, please visit the company’s Web site at www.ISRreports.com, email info@ISRreports.com, or follow us on Twitter @ISRreports.
